This week’s update is a video in which I talk about why the majority of my portfolio is invested in European banks:
– Arguments against investing in banks
– What has changed
– Why higher interest rates benefit banks
– What drives bank valuations
– What might explain why banks are cheap today
– A few interesting banks: Natwest, Banco Santander, Societe Generale, Deutsche Bank
Stellantis was sold, NN Group bought.